Consider Two Identical Fishermen with Utility Functions U(x)= X/2, Where

Multiple Choice

Consider two identical fishermen with utility functions U(x) = x/2, where x is the number of fish caught. Assume that the probability of either fisherman catching a fish is .05 and that it is impossible for either of them to catch more than one fish. What is one fisherman's expected utility from fishing alone?

A) 0.05
B) 0.025
C) 0.5
D) 1.0